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Hospital Indemnity Insurance a Key Voluntary Benefit

InterWest Insurance Services

Fortunately, employers can help by offering their workers voluntary hospital indemnity insurance that can provide peace of mind in case they have a serious medical episode. Hospital indemnity insurance. The worker can use this cash benefit for any purpose, including: Deductibles. Little or no cost to the employer.

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What does coinsurance mean in health insurance?

Higginbotham

You’re reading your health insurance policy and come across a coinsurance clause. Here’s what you need to know about this common insurance term. This is called cost sharing, and it’s common in many types of insurance. Cost sharing helps insurance companies and policyholders achieve certain goals.

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5 Benefits to Help Employees Cope with Inflation

Best Money Moves

This assistance can come in many forms such as covering the cost of health insurance or assisted savings programs. Health care costs can often drag behind increases in consumer prices, so employees may face an increase in costs that will last throughout this year and next. Student Loan Repayment Assistance.

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5 ways you can help employees get the most from their benefits

Insperity

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. But as incredible as it may seem, many employees don’t take full advantage of all the benefit options their employer offers.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Below, we’ve loosely categorized these types of employee benefits and given a basic definition of each. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. It covers things including hospital and doctor visits, surgeries, and prescriptions.

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Easing the Benefits Enrollment Process with Decision Support and More

Flimp Communications

That observation is backed up by a 2015 study from the Life Insurance Marketing and Research Association. The study revealed a sizable disconnect about what’s wanted and what’s offered during health insurance enrollment. About 35% of the workforce doesn’t understand or has a limited grasp of their company health benefits.

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Budgeting and Prepping for Open Enrollment

InterWest Insurance Services

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.